Trajan Wealth LLC Acquires 222 Shares of A. O. Smith Co. (NYSE:AOS)

Trajan Wealth LLC increased its holdings in A. O. Smith Co. (NYSE:AOS) by 7.8% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,073 shares of the industrial products company’s stock after buying an additional 222 shares during the quarter. Trajan Wealth LLC’s holdings in A. O. Smith were worth $276,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in A. O. Smith by 11.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 225,930 shares of the industrial products company’s stock worth $20,212,000 after buying an additional 22,859 shares in the last quarter. Legacy Capital Wealth Partners LLC bought a new stake in shares of A. O. Smith during the 2nd quarter valued at about $228,000. Cetera Investment Advisers grew its stake in shares of A. O. Smith by 222.0% during the 1st quarter. Cetera Investment Advisers now owns 25,255 shares of the industrial products company’s stock valued at $2,259,000 after purchasing an additional 17,411 shares during the period. Intech Investment Management LLC grew its stake in shares of A. O. Smith by 84.8% during the 1st quarter. Intech Investment Management LLC now owns 51,518 shares of the industrial products company’s stock valued at $4,609,000 after purchasing an additional 23,640 shares during the period. Finally, Tidal Investments LLC grew its stake in shares of A. O. Smith by 119.8% during the 1st quarter. Tidal Investments LLC now owns 21,400 shares of the industrial products company’s stock valued at $1,914,000 after purchasing an additional 11,663 shares during the period. 76.10% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AOS has been the subject of a number of recent research reports. Robert W. Baird cut their price target on A. O. Smith from $82.00 to $81.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. StockNews.com downgraded A. O. Smith from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group upgraded A. O. Smith from a “sell” rating to a “neutral” rating and boosted their price target for the company from $75.00 to $80.00 in a research note on Wednesday, October 23rd. Stifel Nicolaus cut their price target on A. O. Smith from $92.00 to $91.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, DA Davidson cut A. O. Smith from a “buy” rating to a “neutral” rating and set a $80.00 price objective on the stock. in a research report on Wednesday, October 23rd. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $86.71.

Insider Buying and Selling

In related news, SVP Samuel M. Carver sold 14,705 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $81.00, for a total value of $1,191,105.00. Following the transaction, the senior vice president now directly owns 2,399 shares of the company’s stock, valued at approximately $194,319. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.70% of the stock is owned by insiders.

A. O. Smith Stock Down 0.8 %

AOS stock opened at $76.38 on Wednesday. A. O. Smith Co. has a twelve month low of $67.96 and a twelve month high of $92.44. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.06. The stock has a market cap of $11.20 billion, a P/E ratio of 19.79, a PEG ratio of 2.26 and a beta of 1.15. The business’s 50-day moving average price is $82.31 and its 200-day moving average price is $83.19.

A. O. Smith (NYSE:AOS) last posted its quarterly earnings results on Tuesday, October 22nd. The industrial products company reported $0.82 EPS for the quarter, hitting analysts’ consensus estimates of $0.82. A. O. Smith had a return on equity of 30.09% and a net margin of 14.41%. The company had revenue of $957.80 million for the quarter, compared to analysts’ expectations of $960.36 million. During the same period in the previous year, the firm earned $0.90 EPS. On average, equities research analysts forecast that A. O. Smith Co. will post 3.78 EPS for the current year.

A. O. Smith Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be issued a $0.34 dividend. The ex-dividend date is Thursday, October 31st. This is a boost from A. O. Smith’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 1.78%. A. O. Smith’s payout ratio is currently 35.23%.

A. O. Smith Company Profile

A. O. Smith Corporation manufactures and markets residential and commercial gas and electric water heaters, boilers, heat pumps, tanks, and water treatment products in North America, China, Europe, and India. The company offers water heaters for residences, restaurants, hotels, office buildings, laundries, car washes, and small businesses; boilers for hospitals, schools, hotels, and other large commercial buildings, as well as homes, apartments, and condominiums; and water treatment products comprising point-of-entry water softeners, well water solutions, and whole-home water filtration products, and point-of-use carbon and reverse osmosis products for residences, restaurants, hotels, and offices.